Economic efficiency requires that a natural monopolyrsquos, Ask an Expert

Economics

Economic efficiency requires that a natural monopoly’s price be

a. equal to the lowest price the firm can charge and still make a normal profit

b. equal to average variable cost (AVC) where the AVC curve intersects the demand curve.

c. equal to average total cost (ATC) where the ATC curve intersects the demand curve.

d. equal to marginal cost (MC) where the MC curve intersects the demand curve.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91704133

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